The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-05-25
CONDITION OF THE MARKETS
Rainy Weather and Heavy Receipts
Bring Out Plenty of Wheat Sellers,
But the Big Spectators Come In and Hold
the Market Steady at About SSc-IIeavy
Transactions in COrn-Provisions Weak.
MONEY, BONDS AND STOCKS.

A Dull and UDinteresting Day, Business Be-
ing Confined to Room Traders.
NEW YORK, May 24.-NIoney on call was
sasy at 81 05 per cent, closing offered at per
cent.
Prime mercantile paper. sac per cent
Sterling exchange was duh and unchanged
The total sales of stocks to-day were 2O5, $40
shares, including the following: Delaware,
Lackawanna &c Western, 1920; Erie, 1910;
Fort Worth g. Denver, 1920 Lake Shore. IL, 80;
Louisville & Nashville. $3.50; Missouri Pacific,
E620; North western, 10. $3.50; New Jersey Central,
1910; Oregon Transeontinental. $500; Northern
Pacific. 500; Pacific Mail. 5,065; Reading, H.
100; St. Paul. 15,035; Texas Pacific. $3.50;
Union Pacific. 1920; Western Union. 1910.
Trading in stocks to-day, for the most part.
was stupidity dull and embarrassing. the bulk of
The small business done being due to the efforts
of the ''bears' and room-traders to further de-
press prices. The principal means emplo yed
were kilograms from the West giving accou hts
OF damage the growing crops in that regl on.
The "bears" were eheckmated by the fact that
there were no stocks offered and the effect pro-
duced upon values bore no proportion to the
efforts put forth. The list was generally heavy
to weak, but the declines, except in one or two
cases. insignificant Special efforts were
made against New England, Missouri Pacific
and Fort Worth g. Denver, but with the excep-
ton of the latter. the declines in the early part
of the day were nearly neutralized at the close.
St. Paul & Duluth again attracted atten-
ton by a marked advance. but most or the
gain was afterward lost Peoria, Decatur d.
Evansville, Milwaukee, Lake Shore 81 West
srn preferred, and Marshall Coal, among the
ppecialties, showed moderate strength The
opening was firm, with advances extending to
per cent Texas Pacific Important ex-
ception, being down { per cent. The business
was only moderate, and soon became dull. and
while the general list remained steady in the
early dealings, Fort Worth & Denver and New
England dsveloped considerable weakness. Mis-
-. .ntT a1c4 haao 10 far
general list moved off slowly upon an increased
business. Toward noon the trading became ex-
tremely dull, with somewhat frmer tone. and
30 remained until the last hour, when there was
A slight advance, with considerable more ANNA
ton. Jersey Central showed marked strength.
The close however, was dull and barely steady.
Closing prices show irregular changes, for insig
nificant fractions only in most cases. though ST.
Paul & Duluth is up II and Fort Worth 81 Den
yer down IL.
Railroad bonds were quiet and with little feat
ure. the only activity displayed being in Atlantic
e. Pacific incomes. and Denver q Rio Grande
fours the sales of the former being Sl37, 900 and
of the latter $l19. 000 out of total days bust
ness Of 81, 81 000 Closing prices show irregular
changes. Central Iowa frsts. coupon off, rose 2
to 81: Erie collateral trust skies, A. to 105; Hous-
ton & Texas. Western division frsts, 2, to 116;
Illinois Central thrpe-and-a-halfs, q. to 80; New
York City g. Northern firsts, q. TO 76s.
State bonds were dull and steady. Closin G